Articles About Bankruptcy

Author:
Tom Silva
Posted:
12.05.2012

Hostess Liquidation Sets Off Online Twinkie Run

As Hostess Brands, Inc. – the 80-plus-year-old baker of such iconic brands as Twinkies, HoHos, Hostess CupCakes, DingDongs and Wonder Bread – enters into liquidation and probable acquisition, the online price of the sugar-filled delicacies is soaring. As soon as Hostess announced the end of production, Twinkie lovers started scrambling to buy every Twinkie they […]

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Author:
Tom Silva
Posted:
02.13.2012

What’s Wrong With Homeowners Defaulting? Companies Do It all the Time

When we say that a company “went bankrupt,” we imply that it had no other choice. But American Airlines deliberately filed for bankruptcy. The airline had four billion dollars in the bank and was in a position to pay its bills. American has been losing money for some time and its board decided that it […]

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Author:
James I. Clark III
Posted:
02.01.2012

CFTC Gives Tentative Green Light to Volcker Rule

The federal Commodity Futures Trading Commission (CFTC) proposed limiting banks’  proprietary trading and hedge fund investments under the Dodd-Frank Act’s Volcker rule. The CFTC  3-2 vote makes it the last of five regulators to seek public comment on the proposal. This vote opens the measure to 60 days of public comment.  The rule, named for […]

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Author:
Tom Silva
Posted:
12.21.2011

We Deliver – More Slowly – For You

First-class mail is likely the next casualty as the United States Postal Service (USPS) looks for ways to stave off bankruptcy. The USPS is planning to shutter 252 mail processing centers nationally and slow first-class delivery as soon as spring, citing steadily declining mail volume. According to USPS vice president David Williams, the agency wants […]

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Author:
Tom Silva
Posted:
11.14.2011

Harrisburg, PA, Goes Broke

Pennsylvania’s capital city, Harrisburg,  filed for a rare Chapter 9 bankruptcy protection, listing debts of $500 million and assets of $100 million, according to an attorney for the city council.  Mark D. Schwartz said he filed the documents by fax to a federal bankruptcy court.  Such a filing could not be confirmed with the U.S. […]

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Author:
Mike Ricamato
Posted:
07.07.2011

Saab Story: Swedish Automaker Headed Toward Bankruptcy

Venerable Swedish automaker Saab is unable to pay its employees and is likely headed into bankruptcy.  Saab and Zeewolde, Netherlands-based owner Swedish Automobile NV, are in talks to raise cash, the company said.  Options include selling and leasing-back the factory in Trollhaettan, Sweden.  “There can however be no assurance that these discussions will be successful […]

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Author:
Mike Ricamato
Posted:

Saab Story

Venerable Swedish automaker Saab is unable to pay its employees and is likely headed into bankruptcy.  Saab and Zeewolde, Netherlands-based owner Swedish Automobile NV, are in talks to raise cash, the company said.  Options include selling and leasing-back the factory in Trollhaettan, Sweden.  “There can however be no assurance that these discussions will be successful […]

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Author:
Tom Silva
Posted:
06.01.2011

Netflix Beats Blockbuster

While Blockbuster may have at one time ruled the world of video rentals, in recent years it has been overtaken by Netflix.  The internet-based DVD movie and television rental-by-mail service, which came to so dominate the market, has forced Blockbuster into bankruptcy.  I wrote about this for the Huffington Post back in January, but I […]

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Author:
James I. Clark III
Posted:
04.27.2011

Economists Say U.S. Economy Is on the Road to Recovery

The American recovery is on the road to recovery, unless the mounting federal deficit slows its momentum. A recent survey by Smart Brief and the international market research firm Ipsos of 841 financial professionals found that 67 percent think that stock prices will rise this year and that the country’s economic output will increase by […]

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Author:
Tom Silva
Posted:
03.07.2011

House Republicans Want to Water Down Dodd-Frank Financial Reforms

Republican congressmen searching for sizeable spending cuts are targeting Wall Street’s regulators over a plan to slash millions from the budgets of several vital agencies. They are setting their sights on the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).  The workload of both agencies is expected to increase significantly as […]

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